| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | 12% YoY growth driven by large project execution. |
|---|---|
| Margins | Structural contraction; margins crashed from 8.6% to 4.3% YoY. |
| Order book | Healthy order book at ₹20,663 crores, roughly 4x execution ratio. |
| Demand visibility | Strong sector demand; visibility from large public and private projects. |
| Management confidence | Defensive; aggressive tone when challenged on labor cost awareness. |
Growth
Revenue grew 12% YoY, but PAT plummeted 77% as labor costs jumped 35-40% in NCR.
Outlook
Management expects 12-15% revenue growth for FY27, ruling out double-digit EBITDA margins this year.
Risks
Persistent labor shortages, regulatory construction bans (NGT), and lack of labor escalation clauses in private contracts.
Last quarter's promises, checked
Delivered
- Revenue growth 15-20% → delivered 12% (= PARTIAL)
- Order inflow target ₹8,000 Cr → delivered ₹10,257 Cr (= BEAT)
- Net worth > ₹2,000 Cr → delivered > ₹2,000 Cr (= BEAT)
Partly delivered
- Double-digit margins in FY27 → Now ruled out for current year (= PARTIAL)
Missed
- EBITDA margin 10%+ → delivered 4.29% (= MISS)
- PAT growth → delivered -77% YoY (= MISS)
- Capex ₹300 Cr → delivered ₹274 Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: AHLUCONT. Summary written with AI assistance from the document.
Ahluwalia Contracts (India) Ltd: key numbers
- Share price
- ₹585.55
- Market cap
- ₹3,922 Cr
- Revenue (annual)
- ₹4,565 Cr
- Net profit (annual)
- ₹265.9 Cr
- P/E (TTM)
- 17.4×Sector 33.0×
- Promoter holding
- 55.32%+0.00% QoQ
- FII holding
- 14.05%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ahluwalia Contracts (India) Ltd
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Ahluwalia Contracts (India) Annual General Meeting
Ahluwalia Contracts announced its 47th Annual General Meeting for September 29, 2026. The meeting will be held virtually via VC/OAVM facility.
Ahluwalia Contracts (India) Other Announcement
Ahluwalia Contracts (India) Ltd filed its Business Responsibility and Sustainability Report for the financial year 2025-26. This report forms a part of the annual report.
Ahluwalia Contracts (India) Investor Presentation: Key Takeaways
ACIL reported Q1 FY27 revenue of ₹11,258 Mn, up 12% YoY, while EBITDA plummeted 44% YoY to ₹482 Mn with margins contracting to 4.3% from 8.6%.
Ahluwalia Contracts (India) Q1 FY27 Results: Net Profit ₹10.4 Cr, Down 79.7% YoY
Ahluwalia Contracts (India) Ltd reported revenue from operations of ₹1,126 Cr (+12.0% YoY) and net profit of ₹10.4 Cr (-79.7% YoY) for Q1 FY27.
- Key figure
- Net profit ₹10.4 Cr · -79.7% YoY
Ahluwalia Contracts (India) Earnings Call: Key Takeaways
Ahluwalia Contracts reported FY26 turnover of ₹4,565.20 cr (up 11.38% YoY) and PAT of ₹264.32 cr (up 31.17% YoY). Management focuses on mechanization to counter labor shortages and maintain double-digit margins.